Breaking News in association with Money AM
Tuesday, 24th November 2009
9:02am
MORNING REPORT: Headline shares were firmly lower in early deals on profit-taking following yesterday's strong gains, with miners under pressure as metals prices eased, but Lloyds ahead as details of its rights issue emerged.
At 8:30am, the FTSE100 was down 31.68 points at 5,323.82 with the FTSE250 off 38.33 points at 9,231.78 and the FTSE Smallcaps 1.65 points lower at 2,809.99.
US & ASIA
In the US last night, the Dow added 133 points at 10,451, the Nasdaq Composite gained 30 points at 2,176 and...
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8:02am
Durex and Scholl owner SSL International said this morning that total sales were up 21.2%, giving existing operations growth of 7.3% in the half-year to end-September 2009.
Operating profit was £57.1m, 46% ahead (2008: £39.1m) and underlying operating profit up 10.7%.
Gross profit margin was 62.6% (2008: 60.8% and operating profit margin 14.6% (2008: 12.1%).
Four months Russian sales were £45m, with operating profit of £10.5m.
Profit before tax was up 59.7% to £51.9m (2008: £32.5m).
EPS was 15.5p, 31.4% ahead of 2008 (11.8p).
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7:54am
Story provided by Business Financial Newswire...
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7:54am
Story provided by Business Financial Newswire...
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7:47am
Severn Trent said today that underlying pretax profit for the half-year to end-September increased by 21.7% to £188m (2008: £154.5m). Interim dividend was set at 26.71p per share.
Group profit before tax was £208.2 million (£137.9 million).
Group turnover was £852.1m (£814.3m), an increase of 4.6% over the same period last year, mainly due to price increases.
During the period, Severn Trent Water invested £271.4m in fixed assets and maintaining and improving its infrastructure network. Included in this total was net infrastructure maintenance expenditure of £47.2m, charged to the income...
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7:32am
Telecommunications group KCOM said today profit before tax and exceptional items increased 71.2% to £16.2m in the half-year to end-September, up from £9.4m in the prior year period. Interim dividend was held at 0.5p.
KCOM said net cash inflow from operations improved by £11.1m to £32m (2008: £20.9m).
The continued strong cash performance has seen net debt reduce by a further £11.7m in the period since end-March 2009, to £146.2m (2008: £180.2m) and by £34m in the last 12 months.
Revenue fell to £210.8m (2008: £243.6m) consistent with the...
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